Article Archive For
EMS Flynn

Novice Trader's Notebook by EMS Flynn

ARTICLE SYNOPSIS ...Novice Trader's Notebook by EMS Flynn
Wedge Formation
Wedges are similar to triangles, but differ in that with triangles, there is always one boundary line that remains flat; wedges are characterized by both boundary lines being at a slant. Wedges should not be mistaken for pennants, which are much shorter in duration....

Novice Trader's Notebook by EMS Flynn

ARTICLE SYNOPSIS ...Novice Trader's Notebook by EMS Flynn
One-Day Reversals
One-day reversals occur when a
tradable instrument in a trend
sustains a sharp price spike and
then reverses, ending in a marked
rise or drop. This formation,
which is considered to be a potential
key reversal day, can be
seen either at a top or a bottom.
According to Thomas
Bulkowski, many one-day reversals
represent "nothing more than
temporary pauses in the existing
trend after which the trend resumes
its course."
The one-day reversal occurs
at the end of the trend. This pattern
can also be seen in a oneweek
reversal....